FALL IN PRICES OF SOME COMMODITIES RECORDED IN ARMENIAN MARKET

Noyan Tapan
Oct 29, 2008

YEREVAN, OCTOBER 29, NOYAN TAPAN. By results of daily monitoring
by the RA State Commission for Protection of Economic Competition,
a fall in prices of some commodities was recorded in the Armenian
market in recent days. In particular, under conditions of a 20%
decline in gasoline prices in international market, gasoline prices
fell by about 20% (80 drams) in Armenia.

New economic entities have entered the rice market. The price of
rice fell by about 80 drams at some trade points (supermarkets)
subjected to monitoring due to the above mentioned fact as well as
international prices.

The price of flour, which can be now purchased from flour mills
for 205-210 drams a kilogram, fell by another 10-15 drams. A 20%
decline in building material prices was recorded in international
and domestic markets.

In the words of the Commission’s spokeswoman Armine Udumian, the
prices in the bread market also show a tendency to decline: at some
trade points subjected to the Commission’s monitoring, prices fell
by 10-20 drams.

However, the Commission does not consider this decline as satisfactory
and in line with the fall of flour prices.